To ask Mr Chancellor of the Exchequer, what estimate he has made of the amount of capital gains tax forgone through providing entrepreneur's relief in (a) 2012-13, (b) 2013-14 and (c) 2014-15.

Latest estimates of the cost of Entrepreneurs’ Relief, amount to £3.0bn for 2014-15, and £2.7bn for 2013-14. These can be found in table 1.5 (Main tax expenditures and structural reliefs) at https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/389539/20141231_expenditure_reliefs_v0.3.pdf

This publication does not include an estimate for 2012-13; the latest published estimate for 2012-13 is £2.1bn.

The estimated cost of this relief from capital gains tax does not represent the yield if this relief were to be abolished, as consequential behavioural effects would substantially reduce yield.